Sustainability & ESG Solutions
Customers, investors, and regulators are driving unprecedented focus on corporate Environmental, Social, and Governance (ESG) programs.
Supply chains generate 70% of corporate carbon emissions and 80% of environmental impact but significant challenges exist for energy transition companies to implement sustainability and ESG at the project level.
Implementing Supply Chain Sustainability and ESG
Energy transition value chain companies get deserved credit for reducing carbon emissions by producing renewable electricity and clean fuel, but need to also “walk the walk” and implement sustainability and ESG for their companies and their renewable projects.
ESG is a set of criteria that identifies companies that have built solid and efficient environmental practices, strong social responsibility tenets, and ethical governance initiatives into their corporate policies and everyday operations.
Supply chain sustainability implementations assure suppliers and contractors adhere to corporate environmental initiatives. These “flow-down” programs could include 100s of potential initiatives ranging from use of renewable energy and water conversation programs to supplier codes of conduct and ISO14001 certification.
Supplier sustainability also includes carbon emissions, where companies go beyond tracking their firms carbon emissions (Scope 1) and the carbon emission from their purchased electricity and fuels (Scope 2), to also collecting carbon reduction pledges and carbon emission data from your suppliers (Scope 3).
Social is a big component of ESG programs and refers to how the company interacts with its employees, suppliers, customers and its community. Supply chain diversity programs that increase business with women, minority, veteran and other diverse owned businesses are a big aspect of Social. Another key element of social is support for local communities and maximization of local job creation and economic impact. Health and safety is another critical element of Social, and finally, social also incorporate implementation of corporate DE&I programs such equal pay policies, and other social programs.
Governance for supply chains is traditionally implemented to achieve corporate financial, legal or risk objectives. Additional new supply chain governance programs can assure suppliers comply with Foreign corrupt Practice Act (FCPA), UK Modern Slave act, California Board Composition (AB 979) compliance and dozens of other industry and regulatory compliance requirements.
Warm Commerce provides complete renewable project sustainability and ESG management.
How it works:
- Warm Commerce works with financers and developers to understand corporate sustainability priorities
- We build branded supplier registration portal to highlight corporate sustainability programs and expectations for current and potential suppliers
- We work directly with EPC, project suppliers and contractors to capture sustainability and ESG information
- Renewable project developers and EPCs can increase sustainability and ESG by finding new sustainable suppliers on Warm Commerce marketplace
- Renewable project developers and EPCs can leverage Warm Commerce software to manage information including ESG, Supplier Diversity, Safety/HSE, quality, risk and more.
- Developers have visibility of project sustainability and can report to financers and other key stakeholders
Warm Commerce supports a variety of Environmental, Social, and Governance program information, including the following:
- Climate change policy or program information
- Coal-burning policy or program information
- Corporate carbon emission policy or program information
- Energy usage policy or program information
- Environmental management system information including ISO14001 Environmental Management
- EPA lead-safe certified products
- Green House Gas (GHG) emission program information and certifications
- Green business certifications
- Landfill policy or program information
- LEED-certified buildings
- Pollution policy or program information
- Recycling policy or program information
- RoHS (Restriction of Hazardous Substances) compliance
- Waste disposal policy or program information
- Child labor, prison labor and/or forced labor policy or program or certificate such as UK Modern Slavery Act compliance
- Employee diversity policy or program information
- Human rights policy or program information
- Pay equity policy or program information
- Board composition (California AB 979 compliant)
- Conflict mineral certification
- Country of origin certifications
- Ethical procurement policy or program information
- Foreign Corrupt Practices Act (FCPA) policy or program information
- Material disclosures
- Supplier code of conduct policy or program
- Supply Chain policy or program information
- Sarbanes-Oxley Compliance
Benefits of implementing an ESG program.
- Investment firms are using ESG for loan and borrowing base calculations
- Providing ESG transparency that proves relations with shareholders and makes your company more attractive to potential investors
- ESG initiatives can unlock and increase your company's competitive value
- Attract and retain customers who are interested in ESG suppliers
- Increase your organization's support for environmental, social, and governance initiatives
Implement ESG and Corporate Social Responsibility
Implement Supplier Diversity
- Connect with pre-qualified diverse suppliers already on our platform including, minority-owned, woman-owned, veteran-owned and local businesses
- Manage diverse supplier certifications
- Help diverse suppliers grow their business
- Monitor and report on supplier diversity
- Source from suppliers with environmental programs and certifications
- Increase internal use of environmentally friendly products and service firms
- Monitor and report on environmental sourcing progress
- Assure suppliers meet corporate disclosure policies for social and ethical requirements in countries they operate
- Gain transparency to understand supply chain governance risks (side-sourcing risk, supplier performance risk, etc.) and identify alternative suppliers to resolve